CIBC Private Wealth Group LLC Acquires 5,229 Shares of LyondellBasell Industries (NYSE:LYB)

CIBC Private Wealth Group LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 81.5% in the fourth quarter, Holdings Channel reports. The firm owned 11,648 shares of the specialty chemicals company’s stock after purchasing an additional 5,229 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in LyondellBasell Industries were worth $851,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LYB. Webster Bank N. A. raised its holdings in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at $37,000. Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at $59,000. Finally, Crews Bank & Trust acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at $85,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on LYB shares. The Goldman Sachs Group cut their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday. Finally, UBS Group reduced their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $82.33.

LyondellBasell Industries Trading Down 8.1 %

Shares of LYB opened at $57.98 on Friday. The stock’s fifty day simple moving average is $74.48 and its 200-day simple moving average is $80.33. The firm has a market capitalization of $18.75 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 12-month low of $57.57 and a 12-month high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the prior year, the firm earned $1.26 EPS. As a group, research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 9.24%. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This represents a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.